Inflation, Interest Rate Outlooks Lift Wall Street Pre-Bell; Asia, Europe Up

Wall Street futures pointed moderately higher pre-bell Monday on the outlook for moderating inflation and interest rates after the weaker-than-expected national jobs report Friday from Washington.

Yields on benchmark 10-year US Treasuries declined slightly, to under 4.50%.

In the futures, the S&P 500, Nasdaq, and Dow Jones each rose by 0.3%.

Asian exchanges traded mostly higher overnight in holiday-thinned trading, with Bangkok, Seoul, and Tokyo closed. European bourses tracked modestly higher at midday on the continent.

Perficient (PRFT) traded up 53.4% pre-bell after the technology consultant agreed to a $3 billion going-private buyout, at a 75% premium to the pre-deal disclosure price. The buyer is BPEA Private Equity Fund VIII, or "EQT Asia."

BioNTech (BNTX), Tyson Foods (TSN), and Loews (L) plan to report earnings pre-bell, among others. Vertex Pharmaceuticals reports after the bell.

On the economic calendar, Richmond Federal Reserve President Thomas Barkin speaks at 12:50 pm and New York President

John Williams at 1 pm.

In pre-market action, Bitcoin traded at $64,417, West Texas Intermediate crude oil traded higher at $78.97, and 10-year US Treasuries offered 4.47%. Spot gold traded for $2,320 an ounce.